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Trusted Europe broker?

  • #1
  • First Post: Apr 20, 2017 8:38am Apr 20, 2017 8:38am
Hi everyone,

I'm looking for a Forex broker in Europe and I'm having trust issues, hopefully someone will be able to help me with some recommendations.

What I would like:
- decent fixed spread on UJ and EU (1-1.5 points max)
- 1:100 margin
- low or no entry/exit delay
- meta trader 4
- to be trustworthy and not a market maker
- I would also like to be able to open up to 5 accounts, each with its own equity but I'm not sure if that's possible.
- use the smallest possible lots (lower than micro)
- allows EA trading

I have found the following brokers : Instaforex (high spreads), Oanda (1:50 margin but I can live with that, however only microlots) and HiroseUK (high spreads on MT4 )

They all seem OK on paper although I'm not sure if I can have multiple MT4 accounts with all of them, however after looking for reviews I find various traders who had big issues with all of them.

Have you worked with any of these 3 brokers? Do you have any other recommendation from your past experience?
Any help is highly appreciated.

Regards,
Diez
  • #2
  • Apr 20, 2017 5:21pm Apr 20, 2017 5:21pm
Activtrades or XM
Indentify > Plan > Accept > Execute
  • #3
  • Apr 21, 2017 2:18am Apr 21, 2017 2:18am
Quoting Spanudiez
Hi everyone, I'm looking for a Forex broker in Europe and I'm having trust issues, hopefully someone will be able to help me with some recommendations. What I would like: - decent fixed spread on UJ and EU (1-1.5 points max) - 1:100 margin - low or no entry/exit delay - meta trader 4 - to be trustworthy and not a market maker - I would also like to be able to open up to 5 accounts, each with its own equity but I'm not sure if that's possible. - use the smallest possible lots (lower than micro) - allows EA trading I have found the following brokers...
There are no other than market maker brokers that offer fixed spread. How can ECN broker offer fixed spread? You get what they get from liquidity providers. Instaforex it's biggest scam you can find that runs business for many years. Oanda and Hirose are market makers, avoid them. If you want European regulated broker you should chose LMAX. 0,1-0,2pip spread on eurusd most of time during European session, FCA regulated, no "last look", no rejections, minimal latency, microlots (1000 notional value). If you open account through IB ( it seems that only they offer discount http://www.hftgroupfx.com/) you will get lower commission and minimum deposit reduced from $10000 to $1000. From ASIC regulated broker I can recommend IC Markets and Pepperstone. Remember that if you see fixed spreads it's market maker!
  • #4
  • Apr 21, 2017 5:14am Apr 21, 2017 5:14am
Thanks to both of you for the suggestions and OMG thank you insomniawawa, I had no idea that fixed spread meant market maker, I'm so happy right now I asked my question on these forums. I guess I don't want fixed spread then.

Gonna check up XM, Activtrades, LMAX, IC Markets and Pepperstone.
  • #5
  • Apr 21, 2017 6:53am Apr 21, 2017 6:53am
Quoting Spanudiez
Thanks to both of you for the suggestions and OMG thank you insomniawawa, I had no idea that fixed spread meant market maker, I'm so happy right now I asked my question on these forums. I guess I don't want fixed spread then. Gonna check up XM, Activtrades, LMAX, IC Markets and Pepperstone.
I'm glad that I could help. Some brokers also use fixed model and act as market maker and STP on different type of accounts. Activtrades is also MM, I've tried them several years ago and they had terrible execution, delays 10-15 seconds happened... Sometimes it was impossible to close position in profit due to typical MT4 error which of course happens all the time on market makers scammers when market is fast (but NOT due to data release, because I avoid it) and you have tight stop loss. It's caused by broker just to hunt your stop loss. Of course MT4 errors happen also on good broker's account, but they are rather rare. XM also has liquidity providers that act as market makers and they are obliged to execute all orders up to 50 lots. Read some of my posts to XM, it's was really hard to get answer.

https://www.forexfactory.com/showthr...287115&page=53
  • #6
  • Apr 23, 2017 8:48am Apr 23, 2017 8:48am
I use Key to markets, based in London, I like them and I trust them, they are ecn, never had any problems for over 2 years
I strongly recommend you not to sign up with Pepperstone,
I would lable them as a pure bucketshop from my own experiences with them,
generally I would be aware of Aussy brokers all together, they do not have the same strict regulation as European brokers,
that enables them to do whatever they want. their regulation is a joke and B-booking is a common practice
Bulls are stupid Animals!especially when Im short!
  • #7
  • Apr 27, 2017 1:01pm Apr 27, 2017 1:01pm
Quoting Spanudiez
Hi everyone, I'm looking for a Forex broker in Europe and I'm having trust issues, hopefully someone will be able to help me with some recommendations.
Start here http://www.myfxbook.com/reviews/brokers/9,1 and here https://www.leaprate.com/forex-brokers/. Do your homework and make a list. Get on the phone. Get on the chat. Ask tough questions. Be consistent. Download platforms and evaluate their market data. Download Client Agreement and evaluate their terms of agreement.

You've got to be willing to do the homework yourself. I could tell you what I've discovered in my homework, but those intermediaries would be comfortable for me and may not be right for you.

I can say this with absolute confidence. Stay away from FXCM no matter what continent they happen to pop into next. That company should be banned globally. The only place FXCM should be allowed to operate is on different planet somewhere in the Andromeda galaxy. Even there, I can hear the Andros preparing a civil liability lawsuit against the company and the Andro Regulators preparing to ban them from the galaxy. The next stop for FXCM will be planet FXCM, where they only offer services to their own employees and then take positions against them while providing liquidity that does not exist.

Do the math on that and thank me later.
The Event Horizon
  • #8
  • Last Post: Apr 28, 2017 12:21am Apr 28, 2017 12:21am
Quoting Spanudiez
Hi everyone, I'm looking for a Forex broker in Europe and I'm having trust issues, hopefully someone will be able to help me with some recommendations. What I would like: - decent fixed spread on UJ and EU (1-1.5 points max) - 1:100 margin - low or no entry/exit delay - meta trader 4 - to be trustworthy and not a market maker - I would also like to be able to open up to 5 accounts, each with its own equity but I'm not sure if that's possible. - use the smallest possible lots (lower than micro) - allows EA trading I have found the following brokers...
Activtrades
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